Wednesday, May 26, 2010

5/26 - stage 1c

2m - side

SPX - bearish candle...but support holds..for now


SPX candle - near bearish


SPY - resistance strong...good chance we test lows


UUP - strong resistance



FXE - barely below...precursor to bearishness?



VIX - bullish candle for vix


VIX 30 - still below resistance and 30ema


NYMO - not as oversold but still oversold


ETFs - tech was strongest early today then broke down to be the weakest...


WORLD - European and japanese companies weakest..guessing its cause of their currencies...america actually looks stable

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